Business

Saigon Newport Corporation inks port deal

Saigon Newport Corporation (SNP), one of the leading terminal operator in Vietnam, has won a contract to operate Cai Mep – Thi Vai international container berth for 30 years.
Saigon Newport Corporation (SNP), one of the leading terminal operatorin Vietnam, has won a contract to operate Cai Mep – Thi Vaiinternational container berth for 30 years.

The leasing contact was signed between SNP and the Vietnam Maritime Administration in Hanoi on December 30.

Cai Mep-Thi Vai port complex is located in the southern coastalprovince of Ba Ria- Vung Tau. It is able to accommodate the vesselsof up to 110,000 DWT (9,000 Teus). With service quality of SNP and theadvantageous location, the terminal will make important contribution tothe marine development and foster economic development in the region.

The Cai Mep – Thi Vai port complex opened in lateJanuary after four years of construction. The project, worth nearly 13trillion VND (611 million USD), was financed by Japan 's officialdevelopment assistance loans and Vietnam's reciprocal capital.

The Cai Mep terminal consists of two piers of 600 metres in length.It can handle vessels of up to 110,000 DWT and has an annual capacity ofaround 700,000 TEUs.

The Thi Vaiterminal also has two piers, and can handle ships of 50,000 tonnes. Ithas a capacity of 1.6-2 million tonnes per year.-VNA
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